LETTERS: CUT OUR TAXES FAIRLY

To the editor:

Again with the cute tax cuts for special interests -- Jo Ann Emerson's $1,600 savings on a home mortgage sounds good, but we are not all homeowners. Why not a $1,600 savings for all who own or rent?

Congress does not have the will to balance its budget. It cannot, because our economy is based on debt.

Last fiscal year, the net interest on the $6 trillion national debt was $232 billion, plus Congress did not pay back $164 billion. That means we must pay interest on the $164 billion for a total of $400 billion plus interest for the last fiscal year.

What could this country have done with and extra $400 billion?

When Congress borrows money, it is not borrowing from itself. It borrows from the Federal Reserve System. Alan Greenspan is an employee of that system. Look at your dollar, and it will say Federal Reserve Note. In the past it used to say United States Note. Also, it was backed by silver. What is your Federal Reserve Note backed by?

The present income-tax system is unfair to all taxpayers, because it penalizes your accomplishments. How about a 10 percent flat income tax with the first $15,000 tax free per individual? This would automatically balance the budget, take care of the inheritance tax and capital gains tax and reduce the Internal Revenue Service to a chosen few.

Now that's a fair tax.

Here is a clue: Those same moneychangers whom Jesus kicked out of the temple have evolved into the Federal Reserve System and the World Bank.

Senator Dirksen said, "A million here and a million there, and pretty son we're talking real money." What would he say about our U.S. representatives today?

The United States is supposed to be a world leader. If this is true, then why are its citizens so easily manipulated?

RICHARD KLINE

Gipsy